DAM Capital Advisors IPO
GMP, Subscription, Price, Dates & Financial Details
DAM Capital Advisors Limited is one of India's fastest-growing merchant banks, recognized for its high revenue growth and profit margins. As of Fiscal 2024, it holds a 12.1% market share in the Indian capital markets, primarily through its role as the book-running lead manager for numerous public…
Open Date
Thu, 19 Dec 2024
Close Date
Mon, 23 Dec 2024
Price Band
₹ 269 – 283
Lot Size
53
Issue Size
₹ 840.25 Cr
Minimum Investment
₹ 14,999 (53 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
DAM Capital Advisors IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹840.25 Crore and an offer for sale (OFS) of 2.97 Crore equity shares aggregating to ₹840.25 Crore by the existing shareholders.
The DAM Capital Advisors IPO remained open for subscription from December 19, 2024, to December 23, 2024. The basis of allotment was finalized on December 24, 2024, and the company's shares were listed on the NSE and BSE on December 27, 2024.
The company had fixed the price band at ₹269 to ₹283 per share, with a lot size of 53 shares. Retail investors were required to make a minimum investment of ₹14,999 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Nuvama Wealth Management Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, DAM Capital Advisors Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
DAM Capital Advisors IPO Timeline (Tentative)
- IPO Open Date
- Thu, 19 Dec 24
- IPO Close Date
- Mon, 23 Dec 24
- Basis of Allotment
- Tue, 24 Dec 24
- Initiation of Refunds
- Thu, 26 Dec 24
- Credit of Shares to Demat
- Thu, 26 Dec 24
- Listing Date
- Fri, 27 Dec 24 — NSE & BSE
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
IPO Subscription
Check Live Subscription →The DAM Capital Advisors IPO has received bids for 1,70,57,06,367 shares against 2,08,04,632 shares offered, resulting in an overall subscription of 81.99x. the NII category is subscribed 98.56x, Retail Investors 26.97x, Employees 40.3x, and QIBs 166.33x. Within the NII category, BNII is subscribed 102.21x, while SNII is subscribed 91.27x.
QIB
166.33x
NII
98.56x
BNII
102.21x
SNII
91.27x
RII
26.97x
EMP
40.3x
Total
81.99x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,03,67,315 shares, representing 34.92% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 59,24,182 shares (19.95%), while Non-Institutional Investors (NIIs) receive 44,43,135 shares (14.96%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 8,886,268 | 29.93% |
| Qualified Institutions | 5,924,182 | 19.95% |
| Non-Institutional | 4,443,135 | 14.96% |
| BNII | 2,962,090 | 9.98% |
| SNII | 1,481,045 | 4.99% |
| Retail Investors | 10,367,315 | 34.92% |
| Employees | 70,000 | 0.24% |
| Total | 29,690,900 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 214.68 | 1201.16 | 166.72 |
| Revenue | 182 | 85.04 | 94.51 |
| Profit After Tax | 70.52 | 8.67 | 21.9 |
| Net Worth | 162.61 | 95.13 | 87.97 |
| Reserve & Surplus | 148.47 | 80.99 | 73.84 |
| Total Borrowings | 4.93 | 3.29 | 1.41 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
DAM Capital Advisors Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 54.72 |
| RoNW % | 44.98 |
| Pat Margin % | 38.75 |
Peers Comparison
No Peer Comparision Available
About DAM Capital Advisors Limited
DAM Capital Advisors Limited is one of India's fastest-growing merchant banks, recognized for its high revenue growth and profit margins. As of Fiscal 2024, it holds a 12.1% market share in the Indian capital markets, primarily through its role as the book-running lead manager for numerous public offerings, including IPOs, QIPs, and other transactions.
The company offers a range of services, including equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), structured finance advisory, and institutional equities comprising broking and research. It leverages its expertise across various sectors and products to provide strategic advisory and capital market solutions to corporate clients, financial sponsors, institutional investors, and family offices.
Since its acquisition in 2019, DAM Capital has successfully executed 72 ECM transactions, including 27 IPOs, and advised on 23 advisory transactions. Its institutional equities team serves 263 active clients across global markets, including India, the USA, UK, and other regions.
Under the leadership of Dharmesh Anil Mehta, who brings over 25 years of experience, DAM Capital has grown rapidly, with total income increasing by 38.77% CAGR from Fiscal 2022 to 2024. The company's profit after tax surged by 79.46% CAGR over the same period, reflecting its strong client relationships and execution capabilities.
DAM Capital is positioned to capitalize on India's economic growth, supported by its deep industry expertise and extensive research capabilities. The company is also supported by experienced leadership, a diverse board of directors, and marquee investors. Its wholly-owned subsidiary, DAM Capital (USA) Inc., facilitates broader client access in the United States.
Originally founded in 1993 as S.S. Kantilal Ishwarlal Securities, the company underwent several transformations, including a change in ownership in 2019, and was renamed DAM Capital Advisors Limited in 2020.
DAM Capital Advisors IPO Promoters
- Dharmesh Anil Mehta
- Sonali Dharmesh Mehta
- Boombucket Advisors Private Limited
Promoters Holding
Holding Pre Issue
45.88%
Holding Post Issue
41.50%
DAM Capital Advisors IPO Objective
The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
DAM Capital Advisors Limited Address / Contact Details
DAM Capital Advisors Limited
PG-1, Ground Floor, Rotunda
Building, Dalal Street, Fort
Mumbai 400 001, Maharashtra
Phone: +91 22 4202 2500
Email: compliance@damcapital.in
Website: https://www.damcapital.in/
IPO Snapshot
DAM Capital Advisors IPO Lot Size
The DAM Capital Advisors IPO has a lot size of 53 shares. Retail investors require a minimum investment of ₹14,999 by applying for 1 lot (53 shares). The maximum application allowed for the retail category is 13 lots (689 shares), requiring an investment of ₹1,94,987.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 53 | 14,999.00 |
| Retail (Max) | 13 | 689 | 194,987.00 |
| S-HNI (Min) | 14 | 742 | 209,986.00 |
| S-HNI (Max) | 66 | 3,498 | 989,934.00 |
| B-HNI (Min) | 67 | 3,551 | 1,004,933.00 |
Issue Reservation
- Anchor Investors — 29.93%
- QIB — 19.95%
- NII — 14.96%
- RII — 34.92%
- EMP — 0.24%
Book Running Lead Managers
- Nuvama Wealth Management Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the DAM Capital Advisors IPO?
DAM Capital Advisors IPO is a Book-building IPO with a total issue size of ₹840.25 crore. The DAM Capital Advisors IPO price band is ₹269 to 283 per share. The DAM Capital Advisors IPO subscription opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024. The DAM Capital Advisors IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the DAM Capital Advisors IPO.
When will the DAM Capital Advisors IPO open for subscription?
The DAM Capital Advisors IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
What is DAM Capital Advisors IPO Price Band?
DAM Capital Advisors IPO Price Band is ₹269 to 283 per share.
What is DAM Capital Advisors IPO Lot Size?
DAM Capital Advisors IPO lot size is 53 shares, Retail investors need a minimum investment of ₹14999 based on the upper price band
What is the minimum investment for DAM Capital Advisors IPO?
The minimum investment for DAM Capital Advisors IPO is ₹14999, based on one lot of 53 shares at the upper price band of ₹283 per share.
How to apply for DAM Capital Advisors IPO?
Investors can apply for the DAM Capital Advisors IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 23, 2024. The application amount remains blocked until the DAM Capital Advisors IPO allotment is finalized.
What is DAM Capital Advisors IPO Issue Size?
DAM Capital Advisors IPO issue size is ₹840.25 crores.
What is the DAM Capital Advisors IPO Allotment Date?
DAM Capital Advisors IPO allotment date is Tue, Dec 24, 2024.
Who is the DAM Capital Advisors IPO Registrar?
The registrar for DAM Capital Advisors IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check DAM Capital Advisors IPO allotment status, refund processing, and other IPO-related information.
What is the DAM Capital Advisors IPO GMP?
The DAM Capital Advisors IPO GMP (Grey Market Premium) is ₹143 as of Fri, Dec 27, 2024. Based on the upper price band of ₹283 per share, the estimated DAM Capital Advisors IPO listing price is ₹426, indicating a potential listing gain of approximately 50.53% over the issue price.
Who is the DAM Capital Advisors IPO Lead Manager?
The book-running lead managers (BRLMs) for the DAM Capital Advisors IPO are Nuvama Wealth Management Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the DAM Capital Advisors IPO Red Herring Prospectus (RHP).